41 per cent returns from its 52-week low & Promoters increase stake; Board announces 3:1 bonus share; Check record date inside!
The stock is up by 41 per cent from its 52-week low of Rs 103.15 per share.
The company Moxsh Overseas Educon Ltd has declared a bonus issue of 3 equity shares for every 1 existing equity share (Ratio 3:1). This bonus issue is subject to the approval of shareholders at the upcoming Annual General Meeting. The company has set Wednesday, October 9, 2024, as the record date for determining eligibility for the bonus shares.
Moxsh Overseas Educon Ltd is a company that helps medical students with their education and travel. They offer online courses to prepare for exams, provide counselling and assist with studying medicine abroad. The company has a strong network across India and has helped many students gain admission to foreign medical universities and achieve success in their medical careers.
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According to half-yearly results, the company reported net sales of Rs 2.78 crore and a net loss of Rs 2.52 crore in H2FY24 while in its annual results, the company reported net sales of Rs 10.64 crore and a net loss of Rs 2.33 crore in FY24. As of March 2024, the promoters of the company increased their stake to 62.43 per cent compared to 61.61 per cent in September 2023. The company has a market cap of Rs 32.60 crore. The stock is up by 41 per cent from its 52-week low of Rs 103.15 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.